Clive Palmer, an Australian billionaire, is getting ready to build a new version of the Titanic that could set sail in late 2016. WSJ's Dipti Kapadia reports. Photo: Associated Press/Blue Star Line

This transcript has been automatically generated and may not be 100% accurate.

I ... it it you visiting feel to it is time that modern amenities air conditioning instead of the art like it's safer sheets and fly ... fishing will be built in China increased its sale in late two thousand sixteen ... Clive Palmer an Australian billionaire is the man behind the project ... why ... will the disposal of people the country said to ... me it's the real move we will ... live on this planet will be decided ... it was quick to talk to thinks that things are going over the links for continents ... Europe to Europe or Asia ... the audit cites the great Republic so very excited about it because ... it's all about love ... the rich it'll take any case I start any Atlantic and sank on its maiden voyage in April nineteen twelve ... Mr Palmer is that peak and that I can act and Senate House conference forty thousand people have expressed interest to the meeting voyage ... from Southampton England to New York ... is seen ... as the Titanic in nineteen twelve ... sitting on the advisory plan to take an eight year project is howling balancing her ... great granddaughter take a mix of aftermarket Molly Brown ... she with the first ... time ... absolutely ... she was loving it ... passengers on for the remnant how would just like those at nineteen twelve and will even eat teachings from the regional menu ... the Wall Street